Technical Notes
U.S. Dollar Index ETN (UUP) moved above $27.92 and $28.11 completing a reverse Head & Shoulders pattern. Conversely, the Canadian Dollar dropped US$0.22 to US71.15 cents, a seven month low.
Home Builders SPDRs (XHB) moved below $103.39 setting an intermediate downtrend.
Global Timber iShares (WOOD) moved below $68.69 extending an intermediate downtrend.
S&P 100 and NASDAQ 100 stocks breaking resistance extending an intermediate uptrend include IDEXX Laboratories (IDXX) on a move above $688.12, Tesla (TSLA) on a move above $470.75 and Mongo DB (MDB) on a move above $688.12. Seasonal influences on IDEXX are favourable until March 1st. Seasonal influences for Tesla and Mongo DB are favourable until mid-February. See seasonality charts at www.EquityClock.com
S&P 100 and NASDAQ 100 stocks breaking support extending an intermediate downtrend include Home Depot (HD) on a move below $374.78 and UnitedHealth Group (UNH) on a move below $332.60
WSP Global (WSP.TO) a TSX 60 stock moved below Cdn$269.15 and Cdn$266.35 completing a double top pattern.
Canadian Pacific (CP.TO) a TSX 60 stock moved below Cdn$99.61 extending an intermediate downtrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for November 3rd 2025
Green: Increase from previous day
Red: Decrease from previous day
Source for all positive seasonality ratings: www.EquityClock.com
Commodities
Daily Seasonal/Technical Commodities Trends for November 3rd 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for November 3rd 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
The S&P 500 could reach 7,500 by year-end, says Fundstrat’s Tom Lee
The S&P 500 could reach 7,500 by year-end, says Fundstrat’s Tom Lee – YouTube
Earnings Growth Will Be Better Than Expected, Morgan Stanley’s Wilson Says
Earnings Growth Will Be Better Than Expected, Morgan Stanley’s Wilson Says – YouTube
Market Events This Week: Earnings, Jobs Report, M&A Heat Up: Kevin Green
Market Events This Week: Earnings, Jobs Report, M&A Heat Up – YouTube
10 Stocks With Surging Momentum | Weekly Market Recap: Tom Bowley
10 Stocks With Surging Momentum | Weekly Market Recap – YouTube
Thorne: Overweight Portfolios on A.I., Top Picks in NVDA, MU & CCJ
Thorne: Overweight Portfolios on A.I., Top Picks in NVDA, MU & CCJ – YouTube
What Are We Euphoric About? Guy Adami and Dan Nathan
https://www.youtube.com/watch?v=kFfc256MMZY
Market weakness under the surface: Here’s what you need to know: CNBC
Market weakness under the surface: Here’s what you need to know – YouTube
Brian Belski’s bull case for the market
Brian Belski’s bull case for the market – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 2.20 to 38.80. It changed from Neutral to Oversold on a drop below 40.00.
The long term Barometer dropped 1.20 to 54.30. It remains Neutral. Daily trend is down.
TSX Momentum Barometers
The intermediate term Barometer dropped 2.35 to 57.75. It changed from Overbought to Neutral on a drop below 60.00.
The long term Barometer was unchanged at 80.00. It remains Overbought.
Disclaimer: Seasonality ratings and technical ratings offered in this report and at
www.equityclock.com are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered in this report is believed to be accurate, but is not guaranteed
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Equity Clock Publications